ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Get Free Report) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 4,021 shares, a growth of 143.1% from the June 30th total of 1,654 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 6,395 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in ProShares UltraPro MidCap 400 stock. Millington Financial Advisors LLC bought a new stake in ProShares UltraPro MidCap 400 (NYSEARCA:UMDD – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,182 shares of the company’s stock, valued at approximately $209,000. Millington Financial Advisors LLC owned 0.76% of ProShares UltraPro MidCap 400 as of its most recent filing with the Securities and Exchange Commission (SEC).
ProShares UltraPro MidCap 400 Price Performance
ProShares UltraPro MidCap 400 stock traded down $1.97 during trading hours on Wednesday, hitting $33.75. The company had a trading volume of 16,052 shares, compared to its average volume of 10,200. The firm has a market cap of $31.39 million, a PE ratio of 13.00 and a beta of 3.03. ProShares UltraPro MidCap 400 has a one year low of $21.52 and a one year high of $37.66. The firm has a 50-day moving average of $35.09 and a 200 day moving average of $31.75.
ProShares UltraPro MidCap 400 Company Profile
ProShares UltraPro MidCap400 (the Fund), seeks daily investment results, which correspond to triple (300%) the daily performance of the S&P MidCap 400 Index (the Index). The Index is used measure of mid-size company United States stock market performance. Companies are selected for inclusion in the Index by Standard & Poor’s based on adequate liquidity, appropriate market capitalization, financial viability and public float. The investment adviser of the Fund is ProShare Advisors LLC .
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